ADJUSTMENTS BUDGET · 2014-03-04 · PART 1 - 2013114 ADJUSTMENTS BUDGET 1.1 Executive Mayor’s...

nelson mandela bay M U N I C I P A L I T Y PORT ELIZABETH I UITENHAGE I DESPATCH

201 311 4 ADJUSTMENTS

BUDGET

2

TABLE OF CONTENTS

PAGE PART 1 -ADJUSTMENTS BUDGET

1 .I Executive Mayor’s Report

1.2 2013114 Adjustments Budget Resolutions

1.3 Executive Summary

1.4

1.5 Consolidated Budget Tables

Adjustments Budget Tables - Parent Municipality

3

3

4

5

27

PART 2 - SUPPORTING DOCUMENTATION

2.1 Adjustments to Budget Assumptions 42

2.2 Adjustments to Budget Funding 42

2.3 Adjustments to expenditure on allocations and grant programmes 48

2.4 Adjustments to Councillors and Employee Benefits 48

2.5 Adjustments to Service Delivery and Budget Implementation Plan (SDBIP) 48

2.6 Adjustments to Capital Expenditure 48

2.7 Acting Municipal Manager’s Quality Certification 48

PART 1 - 2013114 ADJUSTMENTS BUDGET

1.1 Executive Mayor’s Report

1.1.1 Summary of reasons for the 2013/14 Adiustments Budget

In accordance with section 28 of the Municipal Finance Management Act, ~ 6of2003 a municipality must revise its approved annual budget through an adjustments budge following circumstances:

3

AFMA), in the

(i)

(ii)

To adjust the revenue and expenditure estimates downwards if there is material under- collection of revenue; To appropriate additional revenues that have become available over and above those anticipated in the annual budget, but only to revise or accelerate spending programmes already budgeted for; To authorise the utilisation of projected savings in one vote towards spending under another vote; To authorise the spending of funds that were unspent at the end of the past financial year where the under-spending could not reasonably have been foreseen at the time to include projected rollovers when the annual budget for the current year was approved by the Council; To correct any errors in the annual budget.

(iii)

(iv)

(v)

The Municipal Budget and Reporting Regulations stipulate that one adjustments budget may be tabled in the Municipal Council during a financial year. The Adjustments Budget must normally be approved by Council by the end of February.

In line with the MFMA and the Municipal Budget and Reporting Regulations, the 2013/14 approved Budget has been adjusted. The adjustment has been mainly necessitated as a result of the following:

e

e

e

e

1.1.2

1.2

1.2.1

0)

e

The need to adjust revenue and expenditure estimates, in line with revenue collection levels. The need to appropriate additional revenues that became available over and above those anticipated in the approved 2013114 Budget. The need to authorise the utilisation of projected savings in one vote towards spending under another vote. The need to authorise the spending of unspent funds at the end of the 2012/13 financial year.

The Executive Mayor recommends that the Council approves the 201 3/14 Adjustments Budget.

201 3/14 Adjustments Budget Resolutions

Approval of the Adiustments Budget

The Executive Mayor recommends that the Council, by resolution taken by the majority of its full number, and in terms of Section 30(2) of the Local Government: Municipal Structures Act No. 117 of 1998 (as amended), read in conjunction with Section 28 of the Local Government: Municipal Finance Management Act, Act 56 of 2003, approves the 2013/14 Adjustments Budget as set-out in the following tables:

Table B1 Adjustments Budget Summary: page 6;

4

Table B2 Adjustments Budget Financial Performance (revenue and expenditure by standard classification): page 8;

Table B3 Adjustments Budget Financial Performance (revenue and expenditure by municipal vote): page 9;

Table B4 Adjustments Budget Financial Performance (revenue by source and expenditure by type): page 10;

Table 85 Adjustments Budget Capital Expenditure by vote and standard classification and funding source: page 16;

Table B6 Adjustments Budget Financial Position: page 19;

Table 87 Adjustments Budgeted Cash Flows: page 20;

Table B8 Cash backed reserves/accumulated surplus reconciliation: page 22;

Table B9 Asset Management: page 23;

Table BIO Basic Service Delivery: page 25.

1.2.2 That the 201 3/14 Consolidated Adjustments Budget, which includes the financial impact of the municipal entity (MBDA), be noted.

1.3 Executive Summary

The 2013/14 Adjustments Budget amounts to R9,5 billion, comprising of R7,9 billion for the Operating Budget and R1,6 billion for the Capital Budget. The Operating Adjustments Budget reflects an increase of R231,6 million compared to the originally approved 201 3/14 Operating Budget, whilst the Adjustments Capital Budget reflects an increase of R455,4 million, compared to the originally approved budget.

The increase in the Operating Budget of R231,6 million is made up as follows:

R’000 Reduction in Remuneration of Councillors (478) Reduction in Debt Impairment (4,030) Reduction in Bulk Purchases (42,2 1 9) Reduction in Contracted Services (22,858) Reduction in Finance Charges (1,147) Reduction in Depreciation (69, I 14) Total Expenditure Reductions (1 39.846)

Increase in Employee Related Costs Increase in Repairs and Maintenance Increase in General Expenses Increase in Transfers and Grants Net increase

13,712 77,939

278,921 879

231,605

5

In terms of funding the Capital Budget, the Municipality relies mainly on grant funding. The funding sources, supporting the Municipality’s capital expenditure, are summarised below:

The increase in the capital grant funding is mainly attributable to the roll over of unspent grant funding as at the end of the 2012/13 financial year and additional allocations gazetted during the 2013/14 financial year. The unspent grant funding relates to the Integrated Public Transport System (IPTS) of R272 million, whilst a further allocation of R85 million was gazetted for IPTS Infrastructure. Furthermore, the increase in internal funding is mainly attributable to the planned spending of funds, which remained unspent as at the end of the 2012/13 financial year.

It is to be noted that the 2013/14 adjusted budgeted cash flow statement projects a cash and investments balance of R1,I billion as at 30 June 2014, compared to the amount of R957,4 million as per the original budgeted cash flow statement.

A provision of R314,2 million has been set aside to cover potential bad debts arising from property rates and service charges not collected. This is based upon a level of payment of debtors’ accounts averaging 94%.

The Assistance to the Poor Programme currently, provides the following benefits to poor households in the Metro:

0 Free 8kl of water 0 Free basic sanitation

0 Free basic refuse removal 0 Free 75 kwh Electricity

0 Property rates subsidy 0 Environmental charges

Out of a total of 276 850 formal households, some 85 049 households receive the aforementioned assistance.

1.4 Adjustments Budget Tables - Parent Municipality

The ten main budget tables, as required in terms of the Municipal Budget and Reporting Regulations, are included in this section. These tables set out the Municipality’s 2013114 Adjustments Budget to be considered for approval by Council. Each table is accompanied by explanatory notes.

6

Description

R thousands

Financial Performance

Property rates

Service charges

Investment revenue

Table B I -Adjustments Budget Summary

Original Prior Accum. Multi-year Unfore. Nat. or Other Total Adjusted Budget Adjusted Funds capital Unavoid. Prov. Govt Adjusts. Adjusts. Budget

1 2 3 4 5 6 7 8 A A I B C D E F G H

- - - 1,214,337 - - 40,028 40,028 1,254,365

4,089,228 - - (107,194) (107,194) 3,982,035 - - -

- - - - - 43,240 17,120 17,120 60,360

Other expenditure

Total Expenditure

Surplusl(Deficit)

Transfers recognised - capital Contributions recognised - capital & contributed assets

Surplusl(Deficit) after capital transfers 8, contributions

Share of surplus/ (deficit) of associate

Surplus1 (Deficit) for the year

- - - - 1,331,876 - 252,033 252,033 1,583,909 - - - - - 7,659,812 231,605 231,605 7,891,417

(262,683) - - - - - 92,595 92,595 (170,088)

709,812 - - - - 461,878 21,700 483,578 1,193,390

- - - - - - - - -

441,129 - - - - 461,818 114,295 516,113 1,023,302 - - - - - - - - -

441,129 461,818 114,295 576,173 1,023,302 - - - -

Capital expenditure &funds sources I I I I I I I 1 I

Capital expenditure

Transfers recognised - capital

1,135,283 - - - - 317,986 137,380 455,366 1,590,649

717,512 - - - - 317,986 14,000 331,986 1,049,498

Public contributions &donations Borrowing

Internally generated funds

Total sources of capital funds

41,201 - - - - - 7,868 7,868 49,069 - - - - - - - - -

376,570 - - - - - 115,511 115,511 492,081

1,135,283 - - - - 317,986 137,380 455,366 1,590,649

Financial position

Total current assets

Total non current assets

2,015,833 - - - - - 204,688 204,688 2,220,520

13,122,883 - - - - - 447,878 447,878 13,570,761

Description

R thousands

- -

-

Total current liabilities

Total non current liabilities

Community weaIthlEquity

Cash flows

Net cash from (used) operating

Net cash from (used) investing

Net cash from (used) financing

Cashlcash equivalents at the year end

Cash backinalsumlus reconciliation

Cash and investments available

Application of cash and investments

Balance - surplus (shortfall)

- - - - 163,513 163,513 1,120,897

- - - (56,599) 763,640

- - - - 220,212 220,212 357,257

- (56,699)

Asset Manaqement

Asset register summary (WDV)

Depreciation & asset impairment

Renewal of Existing Assets

Repairs and Maintenance

Free services

Cost of Free Basic Services provided

Revenue cost of free services provided

Water.

Sanitationlsewerage:

Energy: Refuse:

7

Budget Year 2013114

Original Budget

A

1,964,476

3,052,419

10,121,821

1,267,855

(1,175,468)

(105,159)

957,364

957,384

820,340

137,044

13,071 ,I 78

885,807

684,783

537,635

427,060

334,567

30 - 98

Explanatory notes to Table B I -Adjustments Budget Summary

The aim of the Adjustments Budget Summary is to provide a concise overview of the proposed Adjustments Budget from all of the major financial perspectives (operating expenditure, capital expenditure, financial position, cash flow, and MFMA funding compliance). The table provides an overview of the amounts to be approved by Council within the context of operating performance, resources utilised for capital expenditure, financial position, cash and funding compliance, as well as the Municipality’s commitment to eliminating basic service delivery backlogs.

I

I Budget Year 2013114 1 Description 1 Adiusted F i i n t k

I I I ,..,..&.I

1 %:;I 1 Prior Accum. Multi-year

7 6 5

AI B C

i I A R thousands

Revenue - Standard Governance and

1 Electricity - I I I

Other Total Adjusted Unfore. Nat,or Unavoid. PrOV. Govt Adjusts. Adjusts. Budget

1 1 12 G H

9 10 E F

8 D

- 1 612,284 I Water - - -

- - - - (92,884) (92,884) 3,135,394

1,093 1,093 613,377 8,294 988

- - - - - - - - 8,294 530,391 - - - - 988 277,198 - - A am-, - 1,437

1,171,776 - I I administration

Executive and council 187,544

14,513

Budget and treasury office 581,695 -

Corporate services 402,537 - -

Community and public safety 1,123,750

Community and social services 155,515

-

- Total Revenue - Standard

. Sport and recreation 157,848 382,732 Public safety

I - 1,451 1

- - -

- - - - (29,275) (29,275) 4,216,579

7,397,129 I

- ??A ?nn *L*,LVV 324,200

Expenditure - Standard Governance and

7,721,329

9

Budget Year 2013114

Explanatory notes to Table B2 - Adjustments Budget Financial Performance (revenue and expenditure by standard classification)

The ‘standard classification’ refers to a modified Government Finance Statistics (GFS) reporting structure. The aim of the standard classification approach is to ensure that all municipalities approve a budget in one common format, to facilitate comparison across all municipalities. It should be noted that the revenue by vote as reflected in this table, excludes revenue attributable to capital grants.

Table 83 - Adjustments Budget Financial Performance (revenue and expenditure by municipal vote)

Budget Year 2013M4

10

Surplus1 (Deficit) for the year - - - - - (262,683) 92,595 92,595 (170,088)

Explanatory notes to Table B3 - Adjustments Budget Financial Performance (revenue and expenditure by municipal vote)

498,414

I. The purpose of the format in which the Adjustments Budget is presented, is to enable the Council to enforce a vote in accordance with the municipality’s organisational structure, so as to assign responsibility for the revenue and expenditure recorded against these votes to the Municipal Manager and Executive Directors concerned. Operating revenue and expenditure is thus presented by ‘vote’. A ‘vote’ is defined as one of the main segments into which a budget of a municipality is divided into, for the appropriation of funds.

- - - - - - - 498,414

- - - - - -

Table 84 - Adjustments Budget Financial Performance (revenue and expenditure)

343,381

Description

- 343,381

R thousands

Revenue Bv Source

Property rates Property rates - penalties & collection charges Service charges - electricity revenue Service charges - water revenue Service charges -sanitation revenue

Budget Year 2013114

11

Description

R thousands

Service charges - refuse revenue

Service charges - other

I I Budget Year 2013114 I Original Prior Accum. Multi-year Unfore. Nat. or Other Total Adjusted Budget Adjusted Funds capital Unavoid. Prov. Govt Adjusts. Adjusts. Budget

3 4 5 6 7 a 9 10

A A1 B C D E F G H - - - - - - 177,067 - 177,067

- -

12

Explanatory notes to Table 6 4 - Adjustments Budget Financial Performance (revenue and expenditure)

1. The Financial Performance Adjustments Budget is required to be approved concurrently by revenue source and expenditure type, so as to ensure consistency with annual reporting format requirements. A key aim is to facilitate comparison between the annual results and the Adjustments Budget, so as to assess performance.

2. Total revenue amounts to R7,7 billion in the 2013114 Adjustments Budget, compared to the amount of R7,4 billion in the original 2013/14 Budget. This represents an increase of R324,2 million or 4,4%.

3. The significant variations in revenue, compared to the original budget are as follows:

3.1 Property Rates

Property rates increased by R40 million compared to the original budget. The increase is attributable to the following:

0 A number of properties was not included in the general valuation roll, but was subsequently valued during a supplementary valuation, which resulted in an increase in the valuation roll. It should also be noted that a number of properties on the general valuation roll was undervalued.

0 Another important factor is the impact of objections and appeals on the valuation roll. Upon calculating the original 2013/14 budgeted income, it was anticipated that the general valuation roll will be reduced by approximately 5,2%, in line with the number of objections received during the previous general valuation. The number of objections received, however, relating to the 2013 General Valuation, resulted in a reduction in the valuation roll of only 1.4%. This reduction is significantly less than anticipated.

3.2 Service Charqes

Service charges decreased by R107,2 million, compared to the original budget. This reduction relates to electricity revenue and is mainly attributable to lower consumption patterns than initially anticipated in the 2013114 original budget.

3.3 Interest Earned - External Investments

Interest earned on external investments increased by R17,l million, compared to the original budget. The increased interest earnings is attributable to strict cash flow management of the available funds not immediately required to cover the Municipality’s commitments.

3.4 Transfers Recoclnised - Operating

This includes the local government equitable share and other operating grants from national and provincial government. Transfers increased by R317,2 million, compared to the original budget. This increase is mainly made up as follows:

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Increased provision for housing top structures Energy Efficiency and Demand Side Management (EEDSM) Accreditation of the Municipality (Human Settlements) EU Funding

R’000 190,246

4,000 10,645 7,389

The EEDSM grant will be spent on the implementation of energy efficiency initiatives, in order to reduce electricity consumption and improve energy efficiency.

The budget allocation for accreditation will be spent to enable the Municipality to achieve level three status, so as to perform all housing related functions.

The EU funding will be spent in support of the Motherwell Urban Renewal Programme.

The Municipal Disaster Recovery Grant, as allocated by the Provincial Government, will be spent on the repairs of sanitation, roads and water infrastructure that were damaged in the floods that occurred in late 2012.

The road maintenance grant, as allocated by the Provincial Government, will be spent on preventative, routine and emergency maintenance relating to the provincial road networks in the metropolitan area.

The EPWP grant will be spent on work creation efforts through the use of labour intensive delivery methods.

The ISDG will be spent to increase the pool of available technical and engineering skills in the Municipality.

The USDG will be spent to support the national human settlements development programme.

Expenditure

4. Total expenditure amounts to R7,9 billion in the 2013/14 Adjustments Budget, compared to the amount of R7,7 billion in the original 2013/14 Budget. This represents an increase of R231,6 million or 3,0%.

5. The significant variations in expenditure, compared to the original budget, are as follows:

5.1 EmDlovee Related Costs

Employee related costs increased by R13,7 million, compared to the original budget. This increase is mainly attributable to certain employee related costs, being funded from the following grants:

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Grant Housing Accreditation Grant Infrastructure Skills Development Grant I PTS Total

R’000 7,547 2,658 2,034

12,239

5.2 Debt impairment

Municipal Disaster Recovery 71,961 Maintenance of Provincial Roads 5,000 , 76 961

Debt impairment decreased by R4,O million, compared to the original budget. This decrease is attributable to a reduction in service charges, requiring a reduced budget provision for debt impairment.

Legal Services 20 Years Freedom Celebrations Total

5.3 Depreciation

4,876 1,474

271,389

Depreciation decreased by R69,l million, compared to the original budget. This decrease is attributable to a review of assets’ useful lives, influencing the budget provision for depreciation.

5.4 Bulk Purchases

Bulk Purchases decreased by R42,2 million, compared to the original budget. This decrease is mainly attributable to a reduced budget provision being required for electricity bulk purchases, in line with current expenditure trends.

5.5 Repairs & Maintenance

Repairs and maintenance increased by R77,9 million, compared to the original budget. This increase is mainly attributable to the following grant allocations:

5.6 General Expenses

General expenses increased by R278,9 million, compared to the original budget. This increase is mainly attributable to the following:

On 6 December 2013, the Council resolved, inter alia, that an “in principle” budget amendment of approximately R6 million in respect of the proposed Memorial Services be approved and be

15

effected within ten days as from 6 December 2013, and that the details of this expenditure and relevant budgetary provisions be reported to the Council’s meeting scheduled for 27 February 201 4.

National Treasury received a number of requests in this regard, from municipalities seeking guidance pertaining to the costs associated with the Memorial Services. The Minister of Finance then determined that the following activities at reasonable costs are permissible:

0 Transportation services; and 0 Venue costs (community halls, multi-purpose centres and stadia).

The following costs are, however, not permissible:

0 Catering; 0 Tents / Marques; and 0 Commemorative advertising in the commercial media.

The following graphs explain the revenue and expenditure components in more detail:

201 3/14 Statement of Financial Performance - Adjusted Expenditure

Other expenditure 12.24%

Transfers and grants I

Employee related costs

25.05% i

Bulk purchases 28.51 %

Depreciation 8 asset \-- impairment 10.35% Finance charges

2.40%

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Description

R thousands

Capital expenditure - Vote Multi-vear expenditure to be adjusted

2013/14 Statement of Financial Performance - Adjusted Revenue

Budget Year 2013114

Total Adjusted Original Prior Accum. Multi-year Unfore. Nat. or Other Budget Adjusted Funds capital Unavoid. Prov. Govt Adjusts. Adjusts. Budget

5 6 7 a 9 10 11 12

A A I B C D E F G H

-Transfers recognised Agency services operating

0.02% 18.61%

Property rates / 16.25%

Licences and permit 0.14%

-Interest earned outstanding d e b t 0 4

Interest earned- e x t e r n a l 1 investments0.78% ,/

Rental equipment0.28% of facilities and y.i..---h Service revenue charges- water

Service charges- refuse sanitation revenue 4.45% 6.46% revenue2.29%

Table 65 - Adjustments Capital Expenditure Budget by vote, standard classification and funding source

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Budget Year 2013114

Housing

Health Economic and environmental

(1,000) 832 (168) 165,766

70 70 1,170

165,934

1,100

Water

18

Prior Adjusted

5

At

Original t Budget

Description

Accum. Multi-year Unfore. Nat. or Other Total Adjusted Funds capital Unavoid. Prov. Govt Adjusts. Adjusts. Budget

6 7 a 9 10 1 1 12 B C D E F G H

- - R thousands

Other Total Capital Expenditure - Standard

Funded bv:

National Government 709,812 Provincial Government

District Municipality

Other transfers and grants 7,700 Total CaDital transfers

A

1,135,283

recognised 1 717,512 Public contributions 8, donations 41,201

Budget Year 2013114

I I I I I I I

- - - - I 317,986 1 137,380 1 455,366 1 1,590,649

Explanatory notes to Table 65 - Adjustments Capital Expenditure Budget by vote, standard classification and funding source

1. Table A5 is a breakdown of the capital programme in relation to capital expenditure by municipal vote; capital expenditure by standard classification; and the funding sources necessary to fund the capital budget, including information on capital transfers from national and provincial departments.

2. The Adjustments budgeted capital expenditure was arrived at, taking into account budget adjustments and unspent funds as at the end of the 2012/13 financial year (refer Annexure “B” for the relevant project details).

3. The increase in the capital grant funding is mainly attributable to the roll over of unspent grant funding as at the end of the 2012113 financial year and additional allocations gazetted during the 201 3/14 financial year. The unspent grant funding relates to the Integrated Public Transport System (IPTS) of R272 million, whilst a further allocation of R85 million was gazetted for IPTS Infrastructure. Furthermore, the increase in internal funding is mainly attributable to the planned spending of funds, which remained unspent as at the end of the 2012/13 financial year.

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Non current liabilities

Table B6 - Adjustments Budget Financial Position

1,964,476 - - - - -

Budget Year 2013114

Borrowing 1 1,516,045 I -

Total non current assets I 13,122,883 1 - - - - - I I I I I I

- - - -

Trade and other payables 1,643,284 - - - - - Provisions 118,000

Provisions 1,536,374 - - - - -


TOTAL LIABILITIES

3,052,419 - - - - -

5,016,895 - - - - -

486,042

~

486,042 10,607,862

Total

NET ASSETS I 10,121,821 I -

Adjusted Budget

10 H

- - - -

- 200,000

163,513 163,513 920,877

96,231 96,231 635,329

(50,369) (50,369) 351,996

5

(4,687) (4,687) 112,313

204,688 204,688 2,220,520

-

19,774 19,774 31,911

60,370

519,411 I 519,411 I 13,141,085 - - - -

(112,129) (112,129) 198,483 - -

447,878 447,878 13,570,761

652,565 652,565 15,791,281

91,960 I 91,960 I 2,056,436

I I

20

Nat. or Prov. Govt

7

E

-

-

Description Other Total Adjusted

Adjusts. Adjusts. Budget

8 9 10

F G H

6,505,274 6,505,274 10,558,262

(6,019,233) (6,019,233) 49,600

R thousands COMMUNITY WEALTHlEQUlTY

Accumulated Surplus/(Deficit)

Reserves TOTAL COMMUNITY WEALTHlEQUlTY

A

Budget Year 2013114

AI B C D

I I

4,052,988

6,068,833

Original Prior Accurn. Multi-year Unfore. Budget I Adjusted 1 Funds I capital 1 Unavoid.

- - - -

- - - -

3

Finance charges

Transfers and Grants

4

(190,534) (664) (664) (191,198)

(86,337) (6,697) (6,697) (93,034)

5 6

I I

I I

- I 486,042 1 486,042 I 10,607,862 I Explanatory notes to Table B6 -Adjustments Budget Financial Position

1. The table presents Assets less Liabilities as Community Wealth. The order of items within each group is also aligned to the convention of showing items in order of liquidity; i.e. assets readily converted to cash or liabilities immediately required to be met from cash appear first.

2. Any movement on the Adjustments Budgeted Financial Performance or the Capital Adjustments Budget will invariably impact on the Adjustments Budgeted Financial Position. For example, the collection rate assumption will impact on the cash position of the municipality and consequently inform the level of cash and cash equivalents at year end. Similarly, the collection rate assumption informs the budget provision for debt impairment, which in turn impacts on the provision for bad debts. These budget and planning assumptions form a critical link in determining the applicability and relevance of the budget as well as the determination of ratios and financial indicators. In addition, the funding compliance assessment is directly informed by forecasting the statement of financial position.

3. The cash flow position requires close and ongoing monitoring.

Table B7 - Adjustments Budgeted Cash Flow Statement

I Budget Year 2013114

21

Budget Year 2013114

Explanatory notes to Table 67 -Adjustments Budget Cash Flow Statement

1. The budgeted cash flow statement represents the first measurement in determining whether the budget is funded.

2. It reflects the expected cash in-flows versus the cash out-flows that is likely to result from the implementation of the Budget.

3. The cash position of the Municipality increased by R163,5 million from R957,4 million in the original 2013114 Budget, to R1 ,I billion in the 2013114 Adjustments Budget.

4. The Municipality will have to maintain its efforts of enforcing strict cash flow management and monitoring on an ongoing basis.

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Table B8 - Cash backed reserveslaccumulated surplus reconciliation

Budget Year 2013M4

Explanatory notes to Table B8 - Cash Backed ReservedAccurnulated Surplus Reconciliation

1. The cash backed reserves/accumulated surplus reconciliation is aligned to the requirements of MFMA Circular 42 - Funding a Municipal Budget.

2. The table assesses the funding levels of the budget by firstly forecasting the cash and investments at year end and secondly reconciling the available funding to the liabilities/commitments that exist.

3. As part of the budgeting and planning guidelines that informed the compilation of the 2013114 Budget, the end objective was to ensure that the budget is funded as required in accordance with section 18 of the MFMA.

4. It is to be noted that the 2013114 Original Budget reflected a funding surplus of R137,O million, which has increased to R357,3 million in the 2013/14 Adjustments Budget.

5. The Adjustments Budget funding position indicates that the Municipality must continue to exercise strict fiscal discipline to improve its funding position.

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Table B9 - Asset Management

Intangibles 6,370 - rota1 Renewal of Existinq Assets to be adjusted 684,783 - Infrastructure - Road transpod 43,130 - Infrastructure - Electricity 153,645 -

Infrastructure - Water 152,946 - 1

nfrastructure - Electricity 208,057 - nfrastructure - Water 182,946 -

nfrastructure - Sanitation 245,000 - nfrastructure - Other 186,284 -

nfrastructure 976,585 - :ommunity 76,711 - ieritage assets - -

nvestment properties - -

Ither assets 63,617 -

Budget Year 2013114

Accum. Multi-year Unfore. Nat. or Other Total Adjusted Funds capital Unavoid. Prov. Govt Adjusts. Adjusts. Budget

a 9 10 11 12 13 14 B C D E F G H

24

Budget Year 2013114

Original Budget

Prior Accum. Multi-year Unfore. Nat. or Other Total Adjusted Adjusted Funds capital Unavoid. Prov. Govt Adjusts. Adjusts. Budget

8 9 10 11 12 13 14 7 ~ thousands

gricultural Assets iolcgical assets

itangibles OTAL CAPITAL EXPENDITURE to

A I B C D E F G H A

- - - - - - - - - - - -

- - - - - -

- - - - - 26,110 26,110 44,480 18,370

o f capital exp on renewal ofassets

Drecn newal o f existing assets as % of

60.3% 0.0% 52.7%

0.0% 102.6% 77.3% . ....

RBM as a % o f PPE

Renewaland R&M as a % o f PPE 0.0% 4.5% 4.1%

9.4% 0.0% 10.7%

25

Chemical toilet

Pit toilet (ventilated)

Other toilet provisions (> rnimservice level)

Minimum Service Level and Above sub-total

Bucket toilet

Other toilet provisions (c min.service level)

No toilet provisions

Explanatory notes to Table B9 - Asset Management

- -

- -

- -

276,850 - - - - - - - 276,850

I 30,202 - 30,202

- -

- -

1. The table provides a summarised version of the capital programme divided into new assets and renewal of existing assets; and also reflects the relevant asset categories. The associated repairs and maintenance and depreciation is also reflected.

It also provides an indication of the resources deployed for maintaining and renewing existing assets, as well as the extent of asset expansion.

2. National Treasury has suggested that municipalities should allocate at least 40% of their capital budget to the renewaVrehabiIitation of existing assets, and allocations to repairs and maintenance should be 8% of PPE. In this regard the expenditure relating to the renewahehabilitation of existing assets amounts to 52,7% of the Capital Adjustments Budget, whilst repairs and maintenance constitute 4,5% of PPE.

Table B10 - Basic service delivery measurement

Budget Year 2013114

Description

26

Budget Year 2013114

Description

+----- Original Budget

A

Using communal refuse dump 17,546

Using own refuse dump

Other rubbish disposal

No rubbish disposal 392

Below Minimum Servic Level sub-total 97,520

Total number of households 324,292

Sanitation (free minimum level service) 73,124 Electricitylother energy (50kwh per household per month) 65,481

Refuse (removed at least once a week) 67,487

Cost of Free Basic Services Drovided pooo) 75,180

69,648

64,583

65,946

Refuse (removed once a week) Total cost of FBS provided (minimum

151,702

1 social package) I 427,060

27

Budget Year 2013114

Explanatory notes to Table BIO - Basic Service Delivery Measurement

1. Table B10 provides an overview of service delivery levels, including backlogs (below minimum service level), for each of the main services.

1.5 Consolidated Budget Tables

The ten main budget tables, as required in terms of the Municipal Budget and Reporting Regulations, are included in this section. These tables set out the Municipality’s and the Entity’s 201 3/14 Adjustments Budget to be noted by Council.

28

Prior Adjusted

Table B1 -Consolidated Budget Summary

Accum. Funds

Budget Year 2013114

Nat. or Prov. Govt

5 E

Description Other

Adjusts.

6 F R thousands

Financial Performance

Property rates

Service charges

Investment revenue

Transfers recognised - operational

Other own revenue

Total Revenue (excluding capital transfers and contributions)

Employee costs

Remuneration of councillors


A

1,214,337

4,089,228

45,740

1,119,572

931,002

7,399,879

1,972,548

57,199

885,807

Finance charges

Materials and bulk purchases

Transfers and grants

Other expenditure

Total Expenditure

Surplus/(Deficit)

190,534

2,829,759

340,520

1,344,545

7,620,913

(221,034)

Transfers recognised - capital Contributions recognised -capital & contributed assets Surplus/(Deficit) after capital transfers & contributions


Surplus/ (Deficit) for the year

CaDital exDenditure &funds sources

709,812

-

488,779

-

488,779

Capital expenditure


Public contributions &donations Borrowing

Internally generated funds

Total sources of capital funds

1,177,277

717,512

41,201 -

418,564

1,177,277

Multi-year capital

3

Unfore. Unavoid.

4 D

Total Adjusts.

7 G

Adjusted Budget

8 H

Budget

I l 2 AI I B

40,028

17,120

57,039

326,257

40,028

(107,194)

17,120

319,264

57,039

326,257

1,254,365

3,982,035

62,860

1,438,836

988,041

7,726,136

-I- -

- I -

-t - I -

16,085 + 16,085

(478)

(68,894)

(967)

35,719

(5,008)

260,048

236,505

89,752

484,296

-

1,988,633

56,722

816,913

189,567

2,865,478

335,512

1,604,593

7,857,418

(131,281)

1,194,108

~~

-

- I - - I (68,894) I =tf 35,719 - I -

5,008

236,505

89,752 I

- I -

I I 462,596 111,452 I 574,048

-

1,062,827

- + 462,596 111,452 + 574,048 1,062,827

498,850

332,704

7,868 -

158,277

498,850

1,676,127

1,050,217

49,069 -

576,841

1,676,127

318,704 14,000

7,868

I - I -

205,876

447,798

2,262,64 1

13,612,755

29

Unfore. Unavoid.

4 0

Budget Year 2013114

Nat. or Other Total Adjusted Prov. Govt Adjusts. Adjusts. Budget

5 6 7 8 E F G H

Original Budget c

Cash flows

Net cash from (used) operating

Net cash from (used) investing

Description

R thousands

1,307,169

(1,218,292)

Prior Accum. 1 F u r

A d j r

-

-

Multi-year capital

3

- 70,053 70,053 1,377,222

- (474,664) (474,664) (1,692,956)

-

-

-

-

I A

- 509,646 509,646 13,580,824

- (68,894) (68,894) 816,913

- 123,609 123,609 849,882

- 77,939 77,939 615,574

C

Free services

Cost of Free Basic Services provided

Revenue cost of free services provided

Households below minimum service level

Water:

Sanitationlsewerage:

Energy:

Refuse:

427,060

334,567

-

30

98 - - 5 5 102

97,780 97,780 2,103,251

74,564 74,564 3,126,983

- - I 481,331 I 481,331 I 10,645,163

I I I 1

- 1 -

- - I 164,702 I 164,702 1 1,162,924 I I I I

Cash backinqlsurplus reconciliation

Cash and investments available 998,242

Application of cash and investments 859,459

Balance - surplus (shortfall) 138,783

- - 164,701 164,701 1,162,943

- - (48,460) (48,460) 810,999

- - 213,161 213,161 351,944

- I -

I Asset Manaoement

1 Renewal of Existing Assets I 726,273

I Repairs and Maintenance I 537,635

I - I

- I - I - I - 1 - I

--et-- -

30

Description

R thousands

Revenue - Standard

Table B2 -Consolidated Budget Financial Performance


5 6 7 8 9 10 11 12

A A I B C D E F G H


Governance and administration I 2,134,729 I - - - - - 67,445 1 67,445 I 2,202,174

Executive and council 316 I - - (47) 1 (47) I 269 - - -

Budget and treasury office

Corporate services Community and public safety

Community and social services

2,123,759 - - 58,356 58,356 2,182,116

10,654 - - 9,136 9,136 19,790

322,553 - - 786 786 323,339

20,559 - - - 8,236 8,236 28,795

- - - - - - - - - - -

Sport and recreation

Public safety

Housing

50,511 - - (21,320) (21,320) 29,192

34,567 - - - 1,100 1,100 35,667

216,702 - - - 12,867 12,867 229,569

- - - - - - -

Electricity I 3,228,278 I - - I (92,884) I ( 92,884) 3,135,394 - - - 612,284 - - 1,093 1,093 613,377 - - - Water

Health

Economic and environmental services

Planning and development

Road transport

Environmental protection

213 - - - (97) (97) 117

290,653 - - 339,099 339,099 629,752

263,021 - - 267,803 267,803 530,824 22,996 - 71,033 71,033 94,029

4,636 - - - 263 263 4,899

- - - - - - - - - - - - - -

I I I

31

Budget Year 2013114

Total Expenditure - Standard

Surplus1 (Deficit) for the year (221,034) 89,752 - - - - - 89,752 (131,281)

Budget Year 2013114


3 4 5 6 7 8 9 10

C D E F G H

Description

32

Total Adjusts.

9 G

5,369 16,247

(49,707) 4,057 12,088 13,384 8,259

236,505

Description

Adjusted Budget

10 H

601,387 458,743

2,862,545 220,926 405,023 142,871 54,292

7,857,418

1 Rthousands

Service charges - electricity revenue

Service charges - water revenue

Service charges - sanitation revenue


Service charges - other

Vote 7 -Water Services 596,018 - -

Vote 8 - Sanitation Services 442,496 - -

3,070,366 - - - - - (107,194) (107,194) 2,963,173 - - - - - - 498,414 - 498,414

343,38 1 - 343,381 177,067 - 177,067

- - - - - - - - - - - -

- -

Budget Year 2013114

Rental of facilities and equipment

Interest earned - external investments

Interest earned - outstanding debtors

Dividends received

Fines

Licences and permits

Agency services

Transfers recognised - operating Other revenue

Gains on disposal of PPE Total Revenue (excluding capital

Multi-year Unfore. Nat. or Other capital Unavoid. Prov. Govt Adjusts.

5 6 7 8 C D E F

21,461 (138) (1 38L 21,322 45,740 17,120 17,120 62,860 171,724 75 75 171,799

- -

34,809 (305) (305) 34,504 10,394 236 236 10,630

1,484 (1) (1) 1,483

1,119,572 319,264 319,264 1,438,836 691,130 - - - - - 57,173 57,173 748,303

- -

4,057 12,088 13,384 8,259

- transfers and contributions)' 7,399,879

4,057 12,088 13,384

- - - 8,259

- - - - 326,257 326,257 7,726,136

- - - 236,505

- - - 89,752

Employee related costs 1,972,548 - - - - - 16,085 16,085 1,988,633

I

89,752 I (131,281)

Table 84 -Consolidated Budget Financial Performance Revenue and Expenditure


I I I I I I I 1 I

Expenditure Bv Tvpe I I I I I I I I I

33

Multi-year Unfore. Nat. o r Other Total Adjusted capital Unavoid. Prov. Govt Adjusts. Adjusts. Budget

5 6 7 8 9 10 C D E F G H _ ~ _ _ _ _ _ _ _ _ _

Description

Remunerafon of councillors

Debt impairment


Finance charges

Bulk purchases

Other materials

Contracted services

Transfers and grants

Other expenditure

Loss on disposal of PPE

Total Expenditure

R thousands

57,199 (478) (478) 56,722

318,214 (4,020) (4,020) 314,194

885,007 - (68,894) (68,894) 816,913

190,534 (967) (967) 189,567

- - - -

2,292,123 - - - - - (42,219) (42,219) 2,249,904

326,625 - - - - - (22,858) (22,858) 303,767

537,635 77,939 77,939 615,574

340,520 (5,008) (5,008) 335,512 699,707 - - - - - 286,925 286,925 986,632

- -

7,620,913 - - - - - 236,505 236,505 7,857,410

Budget Year 2013114

Surplus/(Deficit)


Contributions

Contributed assets

Surplus/(Deficit) before taxation

Taxation

Surplus/(Deficit) after taxation

Attributable to minorities Surplusl(Deficit) attributable to municipality


Surplus\ (Deficit) for the year

Original Prior Accum. Budget Adjusted Funds

A i A:I

(221,034) - - - - - 89,752 89,752 (131,281)

709,812 462,596 21,700 484,296 1,194,108 - - - -

.. 408,779 - - - - 462,596 11 1,452 574,048 1,062,827 - -

488,779 - - - - 462,596 11 1,452 574,048 1,062,027 - -

488,779 - - - - 462,596 11 1,452 574,048 1,062,827 - -

488,779 - - - - 462,596 11 1,452 574,048 1,062,827

Table B5 -Consolidated Budget Capital Expenditure - Standard Classification

Description

R thousands

Capital expenditure - Vote

Multi-vear expenditure to be adjusted

Vote 1 -Budget and Treasury Vote 2 - Public Health

Vote 3 -Human Settlements Vote 4 - Economic Development and Recreational Services

Vote 5 - Corporate Services

Budget Year 2013114

35


Non current liabilities

Borrowing

Provisions


TOTAL LIABILITIES

Table B6 -Consolidated Budget Financial Position

- - - - - 2,005,471 97,780 97,780 2,103,251

- - - - - - 1,516,045 - 1,516,045

- - - - - 1,536,374 74,564 74,564 1,610,938

3,052,419 - - - - - 74,564 74,564 3,126,983

5,057,891 - - - - - 172,824 I 72,824 5,230,234

- NET ASSETS 10,163,833 - - - - 481,330 481,330 10,645,163

36

Original Budget

A

4,052,808

6,111,024

10,163,833

Description

R thousands

Prior Accum. Adjusted Funds

3 4

A I E

- -

- -

- -

COMMUNITY WEALTHlEQUlTY

Accumulated Surplus/(Deficit)

Reserves

TOTAL COMMUNITY WEALTHlEQUlTY

Budget Year 2013114

Multi-year Unfore. Nat. or capital Unavoid. Prov. Govt Adjusts. Adjusts.

1 6 1 7 ~ a ~ ~ T ~ D E F G

Budget Year 2013114

Adjusted Budget

10 H

10,595,563

49,600

10,645,163

Table B7 -Consolidated Budgeted Cash Flows

Description

Budget

i

62,610

1,377,222 1

1,692,956

1,692,956

37

Repayment of borrowing NET CASH FROMI(USED) FINANCING ACTIVITIES

NET INCREASE1 (DECREASE) IN CASH HELD

Cashlcash equivalents at the year begin:

Cashlcash equivalents at the year end:

(105,159) - (105,1591

- - - - - (1 05,159) 2,935 2,935 (102,2241

(16,282) - - - - - (401,676) (401,676) (417,9581

1,014,504 566,378 566,378 1,580,882

998,222 - 162,702 1,162,924 - - - -

Table B8 -Consolidated Cash backed Reserves

Description

R thousands

Cash and investments available Cashkash equivalents at the year end

Budget

Other current investments > 90 days

Non current assets - Investments

Cash and investments available: 998,242

ADDlications of cash and investments

Unspent conditional transfers

Unspent borrowing

Statutory requirements

Other working capital requirements

Other provisions

Long term investments committed Reserves to be backed by cas hlinvestments Total Application of cash and investments:

Surplus(shortfal1)

r-

Budget Year 2013M4

- - - - - 164,701 164,701 1,162,943

.-

- 51,300

(48,460) 810,999 - 213,161 213,161 351,944

- - - - - (48,460)

- - - -

38

Table B9 -Consolidated Asset Management

Budget Year 2013114

39

Budget Year 2013M4

I I I Description

R thousands

Heritage assets Investment properties


11 12 13 14 7 a 9 10

A I B C D E F G H A

- - 2,000 (2,000) (2,000) - - - - - - - ~

- - 69,021 Other assets

Agricultural Assets - - -

Biological assets -

- - - - - -

- - - 42,140 42,140 111,161

- - - - - -

40

Description

R thousands Renewal of existing assets as % of deprecn

RBM as a % of PPE Renewal and RBM as a % of PPE

Budget Year 2013114


7 8 9 10 11 12 13 14

A A I B C D E F G H

82.0% 0.0% 104.0% 4.1%

9.6% 0.0% 10.8%

0.0% 4.5%

Original Budget

A Household service tarqets Water:

Table 610 -Consolidated Basic Service Delivery Measurement

Prior Accum. Multi-year Unfore. Nat’ Or Other Total Adjusted Adjusted Funds capital Unavoid. F::i Adjusts. Adjusts. Budget

7 8 9 10 11 12 13 14

A I B C D E F G H

Description

Below Minimum Servic Level sub-total

Total number of households

Sanita tionlseweraue:

Flush toilet (connected to sewerage)

Flush toilet (with septic tank)

Chemical toilet

Pit toilet (ventilated)

Other toilet provisions (j minservice level)

Minimum Service Level and Above sub-total

Bucket toilet

Other toilet provisions (e minservice level)

No toilet provisions

Below Minimum .Sew$ Level sub-total

Total number of households

- - - - - - - - -

307 307 . - - - - - - -

273,790 - 273,790

- 3,060 3,060

- -

- -

- -

- - - - - - - 276,850

30,202 - 30,202

276,850

- - - -

- - - - - - 30,202 - 30,202

307,052 - 307,052 - - - - - -

41

Budget Year 2013/14

Sanitation (free sanitation service) 64,583 - 64,583

household per month) 65,946 - 65,946

Refuse (removed once a week) 1 51,702 - 151,702

- - 351,879

Electricitylother energy (50kwh per

Total cost of FBS provided (minimum social package) 427,060 - - - - -

~ . _ _ _ _ ~~

m e s t level of free service provided

Property rates (ROO0 value threshold) 15,000 - 15,000

42

r I

Description

Water (kilolitres per household per month)

month) Sanitation (kilolitres per household per

Budget Year 2013114

Original Prior Accum. Multi-year Unfore. Nat’ Or Other Total Budget Adjusted Funds capital Unavoid. Adjusts. Adjusts.

7 8 9 10 11 12 13 A A I B C D E F G

8 -

1 1 -

Adjusted Budget

14

H

8

11

111

75 240

26,116

33,093

75,180

69,648

64,583

65,946

PART 2 - SUPPORTING DOCUMENTATION

2.1 Adjustments to Budget Assumptions

The budget assumptions, which informed the approved 201 3/14 Budget, have been maintained.

2.2 Adjustments to Budget Funding

2.2.1 Funding the Adjustments Budqet

2.2.1.1 Funding of Operating Expenditure

The Municipality’s operating expenditure is mainly funded from sources such as property rates, service charges and government grants. The table below reflects the funding sources:

43

Gains on disposal of PPE

Description

Total Revenue (excluding capital transfers and contributions) 7,397,129

I R

7,721,329

Revenue By Source

Property rates

Service charges - electncity revenue

Service charges -water revenue

Service charges - sanitabon revenue


Rental of facilities and equipment

Interest earned - external investments

Interest earned - outstanding debtors

Dividends received

Fines

Licences and permits

Agency services

Transfers ecognized - operating

Other revenue

1,214,337 3,070,366 498,414 343,381 177,067 21,461 43,240 171,724

34,809 10,394 I ,484

690,880 1,119,572

2013114 Adjustments

Budget R

1,254,365 2,963,173 498,414 343,381 177,067 21,322 60,360 171,799

34,504 10,630 I ,483

1,436,779 748,053

Variance

R

40,028 - (107,194)-

(1 38)- 17,120

75

(305) 236-

(1) - 317,206 57,173

324,200

2.2.1.2 Reconciliation showinq that operating and capital expenditure remain funded in accordance with section 18 of the MFMA

escription

R thousands

I I 201 211 3 I Section i MFMA Budget Budget

The aforementioned table reflects the funding status of the Adjustments Budget.

2.2.2 Adjustments to estimated collection levels

The 2013/14 Original Operating Budget was based on a debtors’ collection rate of 94%. This debtors’ collection rate has been maintained in the 201 3/14 Adjustments Budget.

44

Original Budget 2013114

R Investment TvDe

2.2.3 Adjustments to NMBM’s monetarv investments

Adjustments Budget 2013114

R

Below is an analysis of the investments by type and maturity.

INVESTMENT PARTICULARS BY TYPE

DEPOSITS WITH BANKS

TOTAL INVESTMENTS

957 364 000 I120877000

957 364 000 1120877000

Period of

Investment

INVESTMENT PARTICULARS BY MATURITY

Type of Expiry date Monetary of

Investment Investment Value

I

1 - 3 Months

Name of Institution I Investment

2013114 Original Budget

DEPOSITS WITH BANKS

R

Fixed Term Various 957 364 000

957 364 000

2013114 Adjustments Budget

DEPOSITS WITH BANKS 1 1 -3Months I FixedTerm 1 Various 1 1120877000 1 I120877000

2.2.4

2.2.5

2.2.6

Adjustments related to the planned use of previous years’ cash backed accumulated surplus

No adjustments have been made pertaining to the planned use of the previous year’s cash backed accumulated surplus, in the preparation of the 201 3/14 Adjustments Budget.

Adjustments made to proposed new loans to be raised in the budaet vear

In view of financial affordability considerations, no new loans will be raised in the 2013/14 financial year.

Adjustments related to allocations and arants to the Municipality

2.2.6. I Adiustments related to capital allocations and arants to the Municipality

Below is a summarised version of the adjustments relating to grant funding, supporting the Municipality’s Capital Budget:

45

Original Budget

Adjustments Capital Expenditure Budget by grant funding

Total Adjusts. Adjustments Budget

Description

R thousands R R R

Other transfers and grants

Total Capital transfen recognised

Funded bv: I I I I

7 700 14 000 21 700

717 512 331 986 I 049 498

National Government 709812 I I 317986 I 1027798 I

The relevant details, reflecting the capital projects in question, are contained in Annexure "A".

2.2.6.2 Adjustments related to allocations and qrants to the Municipalitv

Below the adjustments pertaining to operating and capital allocations and grants:

Supporting Table SB7 Adjustments Budget - transfers and grant receipts -


Description

46

Description

R thousands EXPENDITURE ON TRANSFERS AND GRANT PROGRAM:

Budget Year 2013114

Description

Original Prior Multi-year Nat. or Other Total Adjusted Budget Adjusted capital Prov. Govt Adjusts. Adjusts. Budget

2 3 4 5 6 7

A A I B C D E F

Supporting Table SB8 Adjustments Budget - expenditure on transfers and grant programmes ~ ~~ ~

Budget Year 2013114

2.3 AdJustments to expenditure on allocations and grant programmes

Original Descdptlon Budget

2013114 R thousands R Councillors’ Remuneration 57,199 Employee Related Costs 1,963,367

2.3.1 The adiustments made to Dlanned cadtal exoenditure of allocations and grants . -

Adjustmenls Budget Variance 201314

R R 56,722 (478)

1,977,080 13,712

The adjustments made to planned capital expenditure, including the capital projects in question, are reflected in Annexure “A.

2.4 Adjustments to Councillors and Employee benefits

5 d O W a summary of the adjustments made to Councillors’ Remuneration and Employee Related costs:

It is to be noted that Councillors’ Remuneration, is below the originally approved budget, The decrease of R0,5 million is mainly attributable to the final gazetteti increase, being lower than the budgeted increase.

2.5 Adjustments to Service Delivery and Budget Implementation Plan (SDBIP)

In accordance with the MFMA, it should be noted that the service delivery targets and performance indicators in the 201314 SOBlP will be approved, following the approval by Council of the 2013/14 Adjustments Budget.

2.6 Adjustments to Capital Expendhure

Annexure ‘B” contains a listing of all the adjusted capital programmes and projects of the Municipality, which are aligned to the Integrated Development Plan of the Municipality.

2.7 Acting Municipal Manager‘s Quality Certification

I, Or. Mamisa Chabula-Nxiweni, Acting Municipal Manager of the Nelson Mandela Bay Metropolitan Municipality, hereby certii that the adjustments budget and supporting documentation have been prepared in accordance with the Municipal Finance‘Management Act and the regulations made under that Act, and that the adjustments budget and supporting documentation are consistent with the Integrated Development Plan of the Municipality.

Print Name: Dr. Mamisa Chabula-Ndweni

Bay Municipality (ECOOO)

Signature

Date

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ADJUSTMENTS BUDGET · 2014-03-04 · PART 1 - 2013114 ADJUSTMENTS BUDGET 1.1 Executive Mayor’s...

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